Articles

The Critical 2024 Risks which will Impact Boards and Executive Teams

The potentially explosive changes unfolding this year in the world-wide geo-political landscape, and from new developments in AI, are two emerging 2024 risks prompting much attention. This paper summarizes the top business risks in 2024, with research derived from three top sources, comprising opinions from over 5,000 board members, C-Suite executives and other experts from […]

Preparing your Board to Oversee Risk in 2024

In the March 17, 2009, edition of Business Week at the height of the 2007-2009 financial crisis, authors Clarke Murphy and J. Frank Brown declared that “Boards Must Take on Risk Management.” In that same edition, Business Week reported that “Failed risk management is at the heart of Wall Street’s malaise.”1. As we head into […]

Recruiting or Training Qualified Risk Directors for your Board

In populating their skills matrices, board chairs often find that recruiting directors with suitable risk governance experience is their most difficult task. According to the DCRO Institute (Directors and Chief Risk Officers), those most capable of leading board risk oversight have much experience “demonstrating a serious commitment to the positive governance of risk-taking at their […]

Failure of Risk Management: Learning from Silicon Valley Bank

In his article entitled “Risky Business: Important Lessons From SVB’s Demise” 1 , writer Atul Vashistha describes SVB’s collapse being as a result of “shoddy Risk Management”. Was the SVB collapse the beginning of a banking crises, or was the SVB collapse a lesson in failed enterprise risk management practices which all companies can learn […]

De-risking in 2023

To prepare you for overseeing, de-risking and managing your organizational risks in 2023, we’ve consolidated results from surveys conducted by two of the world’s top risk management authorities. One survey represents a strategic view from boards and C-Suite, while the second survey reflects more operational risks. The 4,016 respondents from around the globe have provided […]

Preparing Directors to Fight the Raging Cyber War in 2023

In our article “Top Risks Your Business will Face in 2022”, we warned boards to be sure that their management’s corporate risk registers reflected survey results denoting Cyber risk as the #1 threat to business worldwide.1 The latest research adds more urgency to the need to protect mission critical assets. In an article posted by […]

Rating your Board & Management Risk Oversight effectiveness

The world is a risky place to operate a business in-considering COVID-19 variants, Cyber threats, Supply Chain interruptions, Climate Change, and other challenges such as the Great Resignation, War in Ukraine and increasing flooding, fires and natural catastrophes…the complexity of emerging risks over the past three years has prompted many organizations to invest more in […]

Consequences of Boards not Overseeing Risk

Oversight and disclosure by directors of carbon risks is now being guided by courts, regulators, and institutional investors. Similarly, in the ongoing litigation relating to the AIRMAX 737 jets, the courts are considering whether Boeing’s independent directors may have personal liability for failing to oversee management of the corporation’s core risks1. What are the best […]

Top Risks which your Business will face in 2022

Once again, we are pleased to continue our annual tradition by sending you an overview of the most important global business risks for the new year. Like with the last two years, we’ve chosen to source the Allianz 2022 Risk Barometer, an excellent survey comprising responses from 2,650 businesses in 89 countries. This report profiles […]

Directors Global launches “Risk Leadership” training for Boards and Executive Teams

Directors Global is proud to launch its new web site. We’re also very excited about formally launching our new “Risk Leadership” education & training program for directors and executives. Training for senior leaders in understanding, implementing and overseeing organization-wide and strategic Enterprise Risk Management has been a void in the Canadian marketplace- we’re filling that […]